IRVINE, CA / ACCESSWIRE / November 30, 2022 / Life around the world is improving thanks to the technological discoveries. This happens at a very high speed and the business is not immune to these changes. Almost everyone adopted cloud computing, artificial intelligence/machine learning (AI/ML) solutions, and the use of and data analysis tools allow all businesses to achieve new levels of efficiency and productivity. “These cutting-edge technologies are leveling the playing field for startups and small businesses, allowing them to improve cost structures, cybersecurity and customer service,” says Nick Kohlschreiberfounder of the debt solution platform AcuFi. “It is important that these solutions have led to the emergence of financial technology (fintech)which has democratized access to capital, thereby addressing one of the most important obstacles to small business growth.”
The innovative products and services offered by fintech companies are considered a critical element in the pursuit of financial inclusion and greater equality on a global scale, especially after the devastating impact of the pandemic. Small businesses have been particularly disadvantaged, a massive number of them being forced to wind down their business due to a lack of funds or insufficient digitalisation. However, there is a growing recognition that fintech offers huge opportunities to small businesses, and improved access to capital is just one of them, according to Nick Kohlschreiber. Through the use of AI and data analytics, fintech companies can look beyond traditional metrics such as credit scores and tax returns to assess and approve small business loan applications. As a result, the process has become significantly faster, and far more young companies are breaking through the loan barrier.
“Apart from the obvious benefit of improved credit access, fintech can empower small businesses in various other ways,” Nick Kohlschreiber says. “They can use fintech solutions to offer customers multiple payment methods, including online payment platforms, card reader services and digital transfers. Critical to their day-to-day operations and cash flows, small businesses can adopt fintech solutions to enable digital invoicing, enabling near-instant payment and eliminates the long waiting times previously associated with sending or receiving invoices and collecting dues.Last but not least, fintech has changed the game in account management – small companies rarely have a dedicated finance department, so this has traditionally been an extremely demanding aspect of to run such a business. Now fintech enables entrepreneurs to easily manage payroll, track and make loan payments, monitor business expenses and keep track of their taxes.”
Fintech is constantly changing the business landscape by offering cheaper deals, ease of use, faster services, improved features and personalization. These are all advantages that small businesses cannot afford to overlook, especially in a world where transactions and customer interactions primarily occur in digital environments. According to Nick Kohlschreiber, adopting fintech solutions is critical to the success of any business in the modern world, but small businesses stand to gain the most and should embrace fintech without delay.
An enthusiastic entrepreneur with a passion for innovation, Nick Kohlschreiber has spent his career developing solutions that support business growth and enable companies to deal with today’s challenges. He is currently pursuing his vision as part of AcuFi, a debt resolution platform dedicated to helping people achieve financial freedom. Through its team of certified debt consultants, the company offers a personalized approach that maximizes results for all of its clients.
AcuFi: http://acufi.com
Nick Kohlschreiber of AcuFi explains the reasons for choosing debt consolidation over bankruptcy: https://www.yahoo.com/now/nick-kohlschreiber-acufi-explains-reasons-023000546.html
AcuFi and founder Nick Kohlschreiber offer the best way to weather a recession through debt relief: https://www.yahoo.com/now/acufi-founder-nick-kohlschreiber-offer-162000783.html
Contact information:
Nick Kohlschreiber
AcuFi
[email protected]
949-992-2834
http://acufi.com
SOURCE: AcuFi
